Share Name Share Symbol Market Type Share ISIN Share Description
NB Distres Red LSE:NBDG London Ordinary Share GG00BH7JH183 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 78.75p 78.00p 79.50p 78.75p 78.75p 78.75p 0 07:30:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

NB Distres Red Share Discussion Threads

Showing 301 to 323 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
18/4/2018
10:20
Looks like we might get our first small exit in the near future. Only 5% of NAV, but let's have the money back! ...plus three other assets potentially in the sales process.
tiltonboy
10/4/2018
11:54
I don't mind how late in 2018 they leave it as long as they make distributions no lower than last published NAV in line with the timescale they published.
redhill9
10/4/2018
09:21
Hmm - valid comment.
skyship
10/4/2018
08:21
Don't bet against it!
tiltonboy
10/4/2018
08:19
The Qtly Portfolio Update due c21st April - that was the date last year. Let's hope we might see some liquidation progress - can't all be crammed into the last Qtr surely!?
skyship
21/3/2018
15:36
An intriguing trade this afternoon - 180k bought @ 82p - 2p over the offer price!
skyship
12/3/2018
14:38
Epi - I believe that figure relates to positions they've sold out of and cut their losses. Obviously not the whole portfolio as the current NAV is still c92p.
skyship
12/3/2018
11:36
Just a daft question, possibly, about the factsheet. It says things like: "To date, the return on investment represents a 0.69x multiple on invested capital." So is that a 69% return on investment? Or a 31% loss?
epistrophy
06/3/2018
08:58
A flicker of interest as the bid price rises to 77p. The NAV now declared at 92.16p, so the discount at 78p rises to 15.36%
skyship
03/3/2018
17:54
Thank you Skyship
hindsight
03/3/2018
17:38
Take the base case of 129% (118p)....deduct a 10% contingency (rather high perhaps); then deduct costs at 5%....and the net realised could be 101p.
skyship
03/3/2018
16:55
Just to check what my belief here was. Could someone confirm the manager thinks the asset return will be 82.8p (90%) to 152.72p (166%) before costs ? 92p (100%) being the Nav The Investment Manager currently estimates the range of the aggregated realisable value for the investments in the portfolio is between 90% and 166% of the 2017 year-end market values of these investments, with a base case of 129%.
hindsight
03/3/2018
16:50
To them making a job for themselves with a gold plated pension is similar to anyone else starting a career or a buisiness. But only the latter is value add to this world
hindsight
02/3/2018
17:11
Should also have stated, take a look at any of the nonsensical and meaningless new PRiiPs KIDs statements forced upon us by box-ticking bureaucrats in the EC as part of MIFID2. The performance estimates are total twaddle!
skyship
02/3/2018
15:47
Thanks SKYSHIP for those references
actofwill
02/3/2018
15:30
Skyship, hope you're right! I'd settle for them distributing the current NAV within stated target timescales, anything beyond that would seem like a bonus to me.
redhill9
02/3/2018
15:13
AOW - I suggest to reassure yourself you might consider visiting the NEWS statements from the liquidating PE trusts HPEQ & NRI. They too had to write in these terms as they are projecting sales value possibilities - not certainties. With those two trusts they consistently beat targets. I don't necessarily expect such a good outcome here; but still confident that we will see 100p+
skyship
02/3/2018
14:24
hindsight and others: Does anyone here believe that paragraph?
actofwill
02/3/2018
13:12
Thanks you for clarifying that Redhill9 Think safe to say market doesnt believe paragraph below anyway The Investment Manager uses economic, industry and issuer specific data to estimate the gross realisable value in downside, base case and upside scenarios for each investment in the portfolio. The Investment Manager currently estimates the range of the aggregated realisable value for the investments in the portfolio is between 90% and 166% of the 2017 year-end market values of these investments, with a base case of 129%. Shareholders should, however, note that: (i) the realisable values of the investments are calculated on a gross basis and, in particular, do not reflect the Investment Manager's management fee and investment-related expenses; and (ii) this range of aggregate realisable values is an estimate only, and there is no guarantee that the value actually realised will be within this range. Further details on the risks relating to "forward looking information" are set out at the end of this factsheet.
hindsight
02/3/2018
12:56
hindsight, in my post I'm assuming that distributing 50-60% of NAV in 2018 would mean the same percentage of shares held being cancelled, although I realise the RNS didn't spell out the actual mechanism. However I don't think it makes any difference to the underlying point about the markets' perceived value if they were to make a distribution of that proportion of NAV without cancelling any shares. Juts to clarify, the point I was making is that the market (as reflected in the sp) doesn't seem to believe that distributions will be made as announced in the November RNS viz. "......we expect to distribute 50-60% of current Net Asset Value ("NAV") in 2018, 35-40% in 2019, and the remainder in 2020.current NAV" (or is applying a high risk factor to that event).
redhill9
02/3/2018
12:39
The stated intention is to distribute "50-60% of current NAV" in the current year - receiving c.92p within 10 months Im a bit confussed redhill9. The stated nav is 92p so 50%/60% is ~51p
hindsight
02/3/2018
09:43
The share price has been suggesting for some time that the published NAV may turn out to be rather optimistic when it comes to distributions. The stated intention is to distribute "50-60% of current NAV" in the current year - receiving c.92p within 10 months for shares currently worth 76p sounds good by itself, but what will the residual 40-50% be worth? Assuming distribution of 50%, the current share price is suggesting no more than around 72p (and that's assuming the NAV holds up) I'm continuing to hold for now but am not greatly optimistic of any exciting return.
redhill9
01/3/2018
22:17
Looks like there must have been some writedowns given NAV growth has not been matched by the fall in GBP.
tiltonboy
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20180426 07:37:32